Thai Bourse Develops Securities Trading Program On iPhone
Settrade, a subsidiary of The Stock Exchange of Thailand (SET), has developed “Settrade Streaming,” a securities trading program for the iPhone, to fit the lifestyle of today’s investors. This service will enable securities firms to provide another service for customers and give them another trading channel that is easy and convenient, as well as color the world of high technology investment.
“Today’s investors seek convenient and easy securities trading anytime anywhere, as shown by the record usage of securities trading through the Internet over the past eight months (Jan-Aug 2009),accounting for 20.51% of total trading value on the Thai capital markets. There are now a total of 224,842 Internet trading accounts, which is higher than in 2008, when Internet trading accounted for 16.12% of trading value, from a total 189,348 Internet trading accounts. Also, as many as 65% of those using mobile phones to browse www.settrade.com use iPhones.
Therefore, Settrade.com developed a trading program on iPhones, called “Settrade Streaming,”with cooperation from 26 leading brokerages with readiness to provide trading services on mobilephones. Marketing officers of these firms will be willing to give advice on investment and how to use the program. TrueMove Co., Ltd. will disseminate Settrade Streaming program through its True App Store to provide investors with full coverage services. TrueMove will also promote the program to its customer base, which will help expand the Thai investor base as well,” revealed Chief Marketing Officer, Markets & Post-Trade Service Ms. Sopawadee ertmanaschai.
“Settrade Streaming was developed using advanced technology by a team specializing in securities trading on the Internet and via mobile phones. The program has brought streaming functions used on computers to be on iPhones, including stock watch, real-time stock movement, one-touch trading, and graphical representations of portfolios. Settrade Streaming can be used through iPhones having Firmware 2.2.1 version or higher, and in 3G, 3G S and iPod Touch 2nd Generation,”continued Ms. Sopawadee.
“TrueMove is pleased to join hands with SET in supporting and disseminating Settrade Streaming,which is the first time in Thailand that investors can trade securities on iPhones. Investors can use the application through the TrueMove convergence network on 3G, WiFi, or EDGE/GPRS. At present, TrueMove provides a testing service of TrueMove 3G in Bangkok, including Suvarnabhumi Airport;Cha Am, Hua Hin, and Phuket, together with high-Internet service through WiFi by TrueMove in more than 18,000 points nationwide. TrueMove customers using iPhone 3G or iPhone 3G S who download Settrade Streaming will be able to use SMS Order Alert for as long as three months before anyone else (at THB3 per time), reported Managing Director, Convergence, True Corporation PCL, Mr. Adhiruth hothaveesansuk.Settrade Streaming on iPhone service is now available. For more information, please contact the brokerages providing the service, which can be viewed at www.settrade.com/iphone or call S-E-T Call Center at 0 2229 2222.
Source: Stock Exchange of Thailand Website